Mutual of America Capital Management LLC Has $237,000 Holdings in Northwest Natural Holding (NYSE:NWN)

Mutual of America Capital Management LLC cut its position in shares of Northwest Natural Holding (NYSE:NWN) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,816 shares of the utilities provider’s stock after selling 435 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Northwest Natural were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWN. Asset Management One Co. Ltd. increased its position in shares of Northwest Natural by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 13,978 shares of the utilities provider’s stock valued at $571,000 after buying an additional 309 shares during the period. SG Americas Securities LLC grew its holdings in shares of Northwest Natural by 7.5% during the 2nd quarter. SG Americas Securities LLC now owns 6,089 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 424 shares during the period. Arizona State Retirement System increased its stake in shares of Northwest Natural by 4.3% during the second quarter. Arizona State Retirement System now owns 10,547 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Northwest Natural by 55.2% in the third quarter. GAMMA Investing LLC now owns 1,235 shares of the utilities provider’s stock worth $50,000 after buying an additional 439 shares in the last quarter. Finally, Guardian Wealth Management Inc. raised its holdings in shares of Northwest Natural by 3.9% during the second quarter. Guardian Wealth Management Inc. now owns 12,012 shares of the utilities provider’s stock valued at $434,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on NWN shares. Janney Montgomery Scott upgraded shares of Northwest Natural from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a research note on Monday, August 5th. Stifel Nicolaus lowered their target price on Northwest Natural from $45.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Northwest Natural from a “sell” rating to a “hold” rating in a report on Monday, August 5th.

Northwest Natural Stock Up 0.1 %

Shares of NWN opened at $43.34 on Friday. Northwest Natural Holding has a 52 week low of $34.82 and a 52 week high of $44.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 20.44 and a beta of 0.58. The stock’s 50-day moving average price is $40.61 and its 200-day moving average price is $38.91.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.08. Northwest Natural had a net margin of 6.90% and a return on equity of 5.89%. The firm had revenue of $136.90 million for the quarter, compared to analyst estimates of $132.47 million. During the same period in the previous year, the business posted ($0.65) earnings per share. Northwest Natural’s quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts predict that Northwest Natural Holding will post 2.33 EPS for the current year.

Northwest Natural Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, October 31st. This is a positive change from Northwest Natural’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a yield of 4.52%. Northwest Natural’s dividend payout ratio is 92.45%.

Northwest Natural Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.